If you're making money, and you've hit your targets for five years, you don't need to demand a new contract.
Q1 is the easiest quarter to make. If you miss your Q1, regardless of the type of revenue you have, you aren't going to make your revenue plan for the year because your budget process isn't accurate.
It is incredibly important to set goals for your business, as if you have no direction for your business, your online business will be a failure.
Ratings translate into corporations, corporations that need a profit statement this quarter that's larger than the last.
We are out-of-the-gates strong in fiscal 2015. We grew revenue 8% in the first quarter and exceeded our QuickBooks Online subscriber and our company financial targets.
The suggestion that we were pursuing consolidation as a replacement for reaching our financial targets by 2018 is fundamentally a bunch of hogwash.
Im very disappointed that we missed our (earnings per share) growth target this quarter due to the confluence of a number of issues that we now understand and are urgently addressing. I accept full responsibility for the shortfall.
Hollywood is going to have to find a way of meeting those profit goals.
I always tell my partners that our job is to fund all the companies we can that can be worth $10 billion or more. That's such a difficult constraint, we can't have any other constraints.
There's such a thing, if you're a finance man, as hitting the figures you need to hit. But there's no equivalent in acting. It's a creative field. It's subjective. That's what I love about it.
We want to be the volume number one, but also we want to have 8 percent in operating profit.
